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Analysts believe the moves were made to stabilize market expectations as liquidity demand could increase due to taxes and required reserves as well as more maturing securities.

An online livestream e-commerce festival featuring more than 1,000 Guangzhou-made products, will be held via livestream from June 6 to 8, the local commerce authority said.

And teenage fan Alex Mann was catapulted into nationwide fame when British rapper Dave invited him on stage to perform a track, which the 15-year-old executed so flawlessly the crowd chanted his name for half a minute. Mann has since appeared on several major national radio and television shows and accrued almost 290,000 followers on social media.

Analysts suggested more mergers and acquisitions are going to take place in the sector in the coming three to five years.

Analysts were expecting AWS to record .71 billion in revenue, slightly higher than the actual number, according to CNBC. Investors were not happy with Amazon’s report, sending its stock down 6 percent in after-hours trading, although that momentum seemed centered around weaker-than-expected guidance for the retail giant going into the holiday quarter.